Starting in real estate

[Kevin Bartel]

Hi all, 

First time poster here. I am interested in getting into real estate investing but am not exactly sure which is the best path for me. A bit about my situation and motivation for getting into real estate investing...I have a full-time, high paying W2 job as a specialist physician that I generally enjoy but would like to  be able to supplement my income over the next 8-10 years if/when payments decline in medicine. I am currently unmarried, no kids and recently out of residency with six figures in medical school debt. I live in a VHCOL area in Colorado in the mountains (~3.5 Hours from Denver) and single/multifamily homes in this area are extremely expensive.

Things I am currently considering to get started include house hacking, STR, and real estate syndications. Single/multifamily deals don't seem to really pencil in my area and I am somewhat leary of being a landlord with my full-time job. However, for the right situation and learning experience I would not rule it out. I am somewhat leaning toward syndications getting started since they seem to provide some tax benefits, learning opportunities and are more passive than the other options.

Just curious what this community's thoughts are in this regard for someone getting started. Also, if anyone is an investor in the mountains of Colorado and would be open to me buying them coffee, well, that would be great!

Thanks for your help!

KB

[Wale Lawal]

@Kevin Bartel

Since you're in a high-income, time-constrained position, passive investing is a strong option, but there are multiple paths depending on your goals. Syndications are great for truly passive income, offering tax benefits and diversification, but require high minimum investments and long-term commitments. Short-term rentals (STRs) can generate strong cash flow, especially in tourist-heavy areas, but come with higher upfront costs, regulatory risks, and active management needs. House hacking can reduce living expenses and build long-term wealth but won't provide significant immediate income. If your priority is passive income, syndications or out-of-state STRs in strong markets (Smoky Mountains, Gulf Coast, Scottsdale) make the most sense.

Good luck!